Newsletter

Stay a Step Ahead - How Will the Government Shutdown Impact Income Taxes

How Will the Government Shutdown Impact Income Tax Filing?

Someone once said the only two sure things in life are death and taxes. The old adage holds true as the IRS has announced that despite the ongoing government shutdown, tax season for individuals will officially begin on January 28 as planned and the IRS will begin accepting and processing electronically (e-filed) and “traditionally filed” (paper-filed) individual tax returns on such date.

Due Date for Filing Forms 1099-MISC

The IRS has issued a press release, reminding employers who report compensation to “contract employees” or otherwise need to report Non-Employee Compensation (NEC) on Form 1099-MISC that there have been changes made regarding the due date for filing such form for 2018.

New York City Real Property Assessments and Appeals

The Tax Commission of the City of New York releases new real estate tax assessments every year. From January 15 through March 1, an application for a correction of the assessed value may be filed with the Tax Commission of the City of New York.

Jesus Socorro Elected Vice Chair of Florida Board of Accountancy

The Great Recession: 10 Years Later

Consulting contributor to MBAF and former regional executive of The Federal Reserve Bank, Juan Del Busto, offers his insights on the “Great Recession,” which ran from December 2007 until June 2009. Juan discusses how the recovery has been slow and has varied across the economic sectors. His intuitive report examines these sectors to assess where we were, what has transpired since, and where we are today.

MBAF Certified Public Accountants LLP trading as MBAF Certified Public Accounts, LLP is a member of the global network of Baker Tilly International ltd., the members of which are separate and independent legal entities.

Latest Advisories

The Tax Cuts and Jobs Act, (The Act), has brought with it many changes that impact all taxpayers. One of the provisions of The Act that may impact many Americans is the new legislation that repealed the alimony deduction after 12/31/2018. Most people ...

Patient investors generally have prospered over the long term. Nevertheless, there are many reasons for selling stocks. Knowing the basics can help improve your tax position. Selling shares held in a taxable account will trigger taxable capital gains ...

It is now the middle of February, 2019 and we have already been exposed to a great many tax returns that are subject to the new IRS Partnership audit rules, which became effective on January 1, 2018. Unfortunately, we have seen very few Partnerships ...